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Kinn's Chapter 12
Term | Definition |
---|---|
advance | an amount of money or credit furnished in anticipation of repayment |
backorder | a customer order that cannot be filled when promised or demanded but is filled later |
budget | The total amount of money that is available to be spent during a specific period of time |
discrepancies | Differences among conflicting facts, claims, or opinions. |
fiscal year | any accounting period of 12 months |
honorarium | payment of professional service |
incurred | to become liable or subject to. |
mitigating | to cause to become less harsh or hostile |
outsourcing | the practice of subcontracting work to an outside company |
overhead | The ongoing administrative expenses of a business that cannot be attributed to any specific business activity but are still necessary for the business to function (e.g., rent, utilities, insurance). |
packing slip | a list of items that are included in a shipment |
proactive | Acting in anticipation of future problems, needs, or changes. |